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Management has two priorities: 1) Making sure money is made, hence upgrading and filling up apartments is their goal. "Amenities" are important in selling the place, though few residents use them. 2) If someone needs medical attention, Public Safety will be there, if alerted.

Quality of life issues are not that important, however. Things like the carpet rule or outsider dogs. These "rules" tend to be ignored, on purpose it seems. So you will see a lot that isn't taken care of properly, and complaints will be met with a creative excuse and a smile.

"Peace and quiet" must be a cruel joke, though this property is sold that way. There can be no peace and quiet as ALL apartments must be upgraded, which includes the installation of an AC unit below the window. Aside from the continual construction about the neighborhood, there is a new and noisy subway extension being built along East 14 st and the shut down of the L line. "Choosing" to live in NYC, now the newest mantra, is a fabrication when the talk is of ST and PCV, which was traditionally quiet, with no construction noise.

Though money was always important, it is now more important than ever. Money rules many things, as you will find.

At this point, 30 years into living here and seeing many things, I can state that Management and their reps are BS-ing us. I can't say that loudly enough: We are being BS-ed. I don't see any genuine change, though the "selling" of this place is intense. Few of the "rules" will be enforced, as Management doesn't want to lose customers or potential customers. Where personal integrity is a hallmark of an excellent management style, this integrity is not seen in enforcing some of the rules.

About those "club cars" we see going this way and that way, and outside of Stuy Town or Peter Cooper Village:

Meanwhile: Freedom of Information:

Wednesday, January 13, 2010

Oh-Oh: Landlords and the State Legislature

The Plan, the Goal....

Albany urged to end multifamily mess

Only the Legislature can prevent years of legal limbo for landlords following the November court ruling against Tishman Speyer on Stuyvesant Town, say real estate attorneys and other experts. The court held that landlords of properties receiving J-51 tax abatements could not remove apartments in those buildings from rent regulation and lease them at market rates. But it did not say whether landlords who have been doing that since the early 1990s would have to refund past rent payments.

The ambiguity will lead to a rash of lawsuits, insiders say. Law firms are already courting clients with advertisements. “Ambulance chasers,” says Jerilyn Perine, a former city housing commissioner who now runs the Citizens Housing and Planning Council of New York, envisioning a legal free-for-all reminiscent of the lead paint and asbestos eras.

But it's not just lawyers. The state Division of Housing and Community Renewal is advising tenants who believe they may be affected by the ruling to file overcharge complaints with the agency. DHCR estimates that 40,000 units are affected; Perine guesses 30,000 to 35,000. Whatever the number, getting loans to renovate or buy the buildings involved is nearly impossible, because future rent rolls and owner liability are unknown. “Rather than leave this issue to be slugged out owner by owner, tenant by tenant, the Legislature should create some clarity about statute of limitations and rent overcharges,” says Perine.

The Legislature could allow landlords to give back their tax abatements retroactively so they would not have to reclassify market-rate apartments as rent-regulated and repay huge sums to “overcharged” tenants. The cash-strapped city could collect a cool $300 million, insiders say. To minimize protests from tenant groups, an exception could be made for tenants whose rent represents a significant portion of their income, as Senate Housing Committee Chairman Pedro Espada Jr. has suggested. The tenant lobby might still balk, but landlords would argue that market-rate renters are mostly well-off New Yorkers who freely signed leases and don't deserve six-figure payouts to reimburse them for rent they willingly paid.


Anonymous said...

This is why we need to be vigilant and put the pressure on all these politicians.

Anonymous said...

His face makes me sick.

Anonymous said...

I don't know why Pedro is smiling.

Andrew's gonna be the Gov., and Pedro is #1 duck in the shooting gallery along the way.

Bye-bye Pedro !!... bing !

Anonymous said...

Pedro say:

"No es verdad! No es verdad!!!!"